Bank of Japan Governor Haruhiko Kuroda (BOJ) held a press conference after today's meeting that The BOJ's 2% inflation target is a very high target. But Kuroda believes that the BOJ will be able to achieve this goal.
“Based on our model, we found that a downgrade of mobile phone fees could drop the consumer price index (CPI) by 0.5% - 1%. Our inflation forecast will be higher. We will continue to do our best to drive inflation towards the 2% target. I believe we slotxo can achieve that. Because our goal is to stabilize the prices of consumer products "
The statement was made after the BOJ's meeting resolved to maintain monetary policy at today's meeting. This includes keeping the policy rate at -0.1% and keeping the 10-year government bond yield target at around 0%.
At this meeting, the BOJ raised its forecast for fiscal year 2021 growth of the Japanese economy to 4% from 3.9%.
However, the BOJ has lowered its forecast for its core consumer price index (CPI) outlook to 0.1% from 0.5%, with the BOJ acknowledging that it may not be able to meet its 2% inflation target during Haruhiko Kuro. Da is the governor of the BOJ, as the government's new round of measures to curb the COVID-19 outbreak may affect economic growth. Even though global demand has begun to recover
